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Pure-bred dogs competing in shows must often meet specific height criteria to be within the breed standard. A new breed of dog, the pug-cock-a-poo, has been approved by a kennel club. To establish the breed standard, the organization of breeders has taken the height from a sample of 25 pug-cock-a-poos and found the sample mean to equal 14 inches. The variance of this sample is 2.25.
A) Construct a 90% confidence interval for the population mean height of the pug-cock-a-poos.
B) What assumption is necessary for constructing the aforementioned interval?
Average Collection Period
A measure of the average number of days it takes a company to collect payments from its credit sales.
Du Pont Analysis
A method of performance measurement that breaks down return on equity into three component parts: profit margin, asset turnover, and financial leverage.
Pearson's Product-moment
A correlation coefficient that measures the linear correlation between two variables X and Y, giving a value between +1 and -1.
Correlation Coefficient
The correlation coefficient is a statistical measure that calculates the strength and direction of the relationship between two variables.
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